David's experience includes: 

• Acting for a leading US bank as agent for a syndicate of banks in connection with a USD350m unsecured revolving credit and letter of credit facility made available to one of the largest owner operators of LNG vessels. This financing was significant as it included a sustainability linked loan that was the first to be documented using the Loan Market Associations model provisions for sustainability linked loans published in February 2023.  
• Acting for a newly incorporated shipping fund in connection with a USD250m initial public offering related to a seed asset acquisition of a fleet of 17 handymax and suezmax vessels from multiple vendors (via a combination of share and vessel acquisitions). This also involved putting in place a USD160m revolving credit facility made available by a syndicate of banks and secured by the newly acquired fleet.  I worked closely with colleagues in NRF’s corporate funds team in relation to the completion of the initial public offering and the completion of the vessel acquisitions.  
• Acting for the same shipping fund in connection with its acquisition of a large shipping group whose holding company was listed on the New York and Johannesburg stock exchanges.  To finance part of the offer consideration for the shares in the holding company, the fund put in place a USD208m secured acquisition finance facility made available by a syndicate of banks. The transaction was complex as it was multi-
  disciplinary and cross-border involving multiple jurisdictions. It was also unique as it combined aspects of acquisition finance, shipping finance and capital markets set within the context of the regulatory constraints of a listed investment fund. The transaction was awarded The M&A Deal of the Year by Marine Money for 2022. 
• Advising the Co-ordinating Committee comprising financial institutions and export credit agencies representing over USD500m in debt in connection with the Chapter 11 proceedings of a leading Scandinavian offshore services provider.  My role was documenting the terms upon which the banking group and export credit agencies had agreed to support the company’s restructuring plan through the Chapter 11 process. This involved amending and restating 7 facilities and reconstituting the related security packages.  The company exited Chapter 11 protection less than 6 months from its filing date. 
• Acting for the New York branch of a leading Scandinavian bank as agent in connection with a USD330m refinancing of an ECA backed term loan facility in relation to 4 shuttle tankers owned by a leading Scandinavian offshore services provider. 
• Acting for a leading Dutch bank as agent for a syndicate of banks in connection with a USD190m refinancing of a term loan facility made available to a joint venture between one of the largest owner operators of LNG vessels and its Japanese joint venture partner in respect of a fleet of LNG vessels. This was a refinancing of a transaction that I had originally acted on in 2014 and then subsequently documented a number of refinancings. 
• Acting for an Austrian leasing house in connection with a number of financings of private jets by way of a retention of title/instalment purchase agreement. For each of these transactions, the financing agreement was governed by Australian law and my involvement include the preparation and negotiation of an English law security package.  
• Acting for a large commodities trading and energy company in connection with the sale and leaseback of an LPG tanker with a Chinese leasing company. The transaction involved two back-to-back sales as our client first had to acquire the vessel from a third party in the open market.  
• Acting for the New York branch of a leading Scandinavian bank as agent for a syndicate of banks in connection with a USD75m refinancing of a term loan facility in relation to an FPSO owned by a leading Scandinavian offshore services provider and on charter to a state-owned Brazilian oil company.
• Acting for a leading Dutch bank as agent for a syndicate of banks in connection with a USD85m refinancing of a term loan facility in relation to two LNG vessels owned by one of the largest owner operators of LNG vessels.  
• Acting for a leading Dutch bank as agent in connection with a EUR62m refinancing of an ECA backed term loan facility in relation to a subsea construction vessel owned by a major offshore pipelay and subsea construction company. 
• Acting for a leading French investment bank in connection with a USD126m refinancing of a term loan facility in relation to two LNG vessels owned by one of the largest owner operators of LNG vessels. This was a highly structured deal as the chartering arrangements for the vessels included an existing UK tax lease.  
• Acting for a leading French bank as agent in connection with USD113m ECA backed term loan and revolving credit facility made available to a Canadian owner operator of dry bulk ships for the refinancing and conversion of three self-unloaders operating in the Americas and the Caribbean.  
• Acting for the Oslo branch of a leading Scandinavian bank as agent in connection with USD530m revolving credit facility to a large North American shipping company to refinance the existing indebtedness in respect of its fleet of 31 tankers vessels.  The facility was made available by a syndicate of 17 banks and, as it was to assist the shipping company with a fleet renewal program, also included a USD135m uncommitted accordion facility.   
• Acting for the New York branch of a leading Scandinavian bank as agent for a syndicate of banks in connection with a USD500m revolving credit facility to a newly formed company listed on the Oslo stock exchange and created by a large North American shipping company to capitalize on the surge in the tanker market.  The facility provided the company with a “hunting license” to go into the market and acquire eligible vessels.